Onyx Bridge Wealth Group LLC Buys 5,834 Shares of Consolidated Edison Inc $ED

Onyx Bridge Wealth Group LLC raised its stake in shares of Consolidated Edison Inc (NYSE:ED) by 38.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,983 shares of the utilities provider’s stock after purchasing an additional 5,834 shares during the quarter. Onyx Bridge Wealth Group LLC’s holdings in Consolidated Edison were worth $2,145,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Frank Rimerman Advisors LLC lifted its stake in shares of Consolidated Edison by 3.6% in the third quarter. Frank Rimerman Advisors LLC now owns 8,800 shares of the utilities provider’s stock valued at $899,000 after buying an additional 309 shares during the period. TD Waterhouse Canada Inc. increased its stake in Consolidated Edison by 8.5% during the third quarter. TD Waterhouse Canada Inc. now owns 2,542 shares of the utilities provider’s stock valued at $263,000 after acquiring an additional 200 shares during the period. Aspiriant LLC increased its stake in Consolidated Edison by 16.6% during the third quarter. Aspiriant LLC now owns 2,233 shares of the utilities provider’s stock valued at $228,000 after acquiring an additional 318 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new position in Consolidated Edison in the 3rd quarter valued at approximately $43,000. Finally, Annex Advisory Services LLC raised its holdings in Consolidated Edison by 22.2% in the 3rd quarter. Annex Advisory Services LLC now owns 2,263 shares of the utilities provider’s stock valued at $231,000 after acquiring an additional 411 shares in the last quarter. Institutional investors and hedge funds own 66.29% of the company’s stock.

Key Stories Impacting Consolidated Edison

Here are the key news stories impacting Consolidated Edison this week:

• Positive Sentiment: Con Edison declared a quarterly dividend of $0.8875 per share, payable December 15, 2026, to shareholders of record November 18. The annualized payout is $3.55 per share, representing an approximately 3.2% yield and reinforcing ED’s appeal to income-focused investors. Con Edison declares common stock dividend
• Positive Sentiment: KeyCorp raised its fourth-quarter 2026 EPS estimate to $1.04 from $0.62, which could support near-term earnings sentiment. However, the firm still maintains an Underweight rating. KeyCorp earnings estimate update
• Neutral Sentiment: A dividend-focused investment article included ED among stocks considered capable of sustaining long-term payouts. The coverage may improve visibility among income investors, but it does not represent a new company announcement or change to earnings forecasts. Dividend stocks that could keep paying
• Negative Sentiment: KeyBanc reduced its price target for ED to $87 while retaining a negative stance. That target is substantially below the current trading level, signaling concern that the stock’s valuation may be stretched. KeyBanc cuts Consolidated Edison price target
• Negative Sentiment: KeyCorp reportedly cut its third-quarter earnings forecast, adding pressure to the company’s near-term earnings outlook despite the higher fourth-quarter estimate. Consolidated Edison Q3 earnings forecast cut
• Negative Sentiment: Goldman Sachs lowered its price target to $102 from $106, another indication that analysts see limited upside from current levels. Goldman Sachs adjusts Consolidated Edison price target

Consolidated Edison Stock Up 2.2%

NYSE ED opened at $112.27 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.17 and a debt-to-equity ratio of 1.04. The stock’s 50 day moving average is $106.48 and its two-hundred day moving average is $108.48. The company has a market capitalization of $41.52 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 3.89 and a beta of 0.26. Consolidated Edison Inc has a 1-year low of $94.96 and a 1-year high of $116.23.

Consolidated Edison (NYSE:ED) last posted its earnings results on Thursday, August 6th. The utilities provider reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a net margin of 12.53% and a return on equity of 8.44%. During the same quarter in the prior year, the firm earned $0.67 EPS. Consolidated Edison has set its FY 2026 guidance at 6.000-6.200 EPS. Equities analysts forecast that Consolidated Edison Inc will post 6.10 earnings per share for the current fiscal year.

Consolidated Edison Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Wednesday, November 18th will be issued a dividend of $0.8875 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $3.55 annualized dividend and a dividend yield of 3.2%. Consolidated Edison’s dividend payout ratio (DPR) is presently 58.29%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Consolidated Edison from $106.00 to $108.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Evercore restated a “positive” rating and set a $112.00 price objective on shares of Consolidated Edison in a research report on Monday, August 17th. Weiss Ratings restated a “buy (b)” rating on shares of Consolidated Edison in a research note on Tuesday, July 21st. Jefferies Financial Group restated a “hold” rating and issued a $105.00 target price on shares of Consolidated Edison in a research note on Tuesday, October 6th. Finally, KeyCorp reduced their target price on Consolidated Edison from $94.00 to $87.00 and set an “underweight” rating for the company in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat, Consolidated Edison currently has a consensus rating of “Reduce” and a consensus price target of $107.73.

About Consolidated Edison

Consolidated Edison, Inc is an energy delivery company headquartered in New York. Through its principal subsidiary, Consolidated Edison Company of New York, Inc, the company provides electric, natural gas and steam service to customers in New York City and Westchester County.

Consolidated Edison also owns Orange and Rockland Utilities, Inc, which delivers electricity and natural gas in parts of southeastern New York, northern New Jersey and northeastern Pennsylvania. Its utility operations include the generation, transmission, distribution and delivery of energy, as well as the operation and maintenance of related infrastructure.

With roots tracing to the New York Gas Light Company, established in 1823, Consolidated Edison has developed into one of the United States’ largest investor-owned energy-delivery companies.